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November 6th, 2009, 04:37 PM
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#1
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Newbie
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thought it was a good idea
I saw this forum title and thought "that's a good idea". that should be good info. then after a short cruise thru the posts i found out that one long winded insurance salesman thinks Whole Life is the one answer to everyones needs and pushes this in almost every question posted. don't even get me started!
guess it was too good to be true.
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November 6th, 2009, 09:30 PM
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#2
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Marksman
 Silver Member
Join Date: Mar 2009
Location: Shreveport
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I just woke up....huh?
__________________
Don't let anyone steal your peace.
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November 6th, 2009, 09:48 PM
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#3
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Professional Amateur
 Gold Member
Join Date: May 2009
Location: Pride aka Central, LA
Age: 41
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So....What kind of insurance did you buy?
__________________
Sam
Central/Pride, Evil Black Rifle Parish(EBR), LA
“Remember the first rule of gunfighting... ‘have a gun.’"
-Col. Jeff Cooper
"He who lives by the sword will get shot by he who does not."
-Sheriff Jim Wilson
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November 6th, 2009, 10:05 PM
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#4
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Huge Member
Gold Member
Join Date: Feb 2007
Location: Mandeville, LA
Age: 29
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Quote:
Originally Posted by oleheat
So....What kind of insurance did you buy?
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__________________
WAR IS PEACE. FREEDOM IS SLAVERY. IGNORANCE IS STRENGTH.
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December 5th, 2009, 03:27 PM
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#5
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Marksman
Join Date: Dec 2008
Location: New Orleans
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Your best financial advisor is YOU !
I have learned this the hard way. The very, very hard way.
No one will take care of you like YOU.
leVieux
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December 7th, 2009, 08:36 AM
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#6
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oldbie
 Premium Member
Join Date: Jun 2007
Location: Metairie, LA
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Wasn't me!!! Whole life or Universal Life can be a part of your investment strategy, but only a part. Having a guaranteed minimum return is pretty attractive these days...
__________________
Abort, Retry, Influence with a hammer...
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December 8th, 2009, 05:49 PM
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#7
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Marksman
Join Date: Oct 2009
Location: Baton Rouge, LA
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Insurance is not for investing. It is great for estate planning, though.
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January 14th, 2010, 10:15 AM
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#8
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Newbie
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Whole life, term life, and universal life are not considered securities and do not have to be registered with the state registrars office, so like Duckyou said: I consider them to be an estate plan and not and investment.
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